Present value (with changing years). When they are first born, Grandma gives each of her...
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Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $4,500 savings bond that matures in 18 years. For each of the following grandchildren, what is the present value of each savings bonds if the current discount rate is 7%? a. Seth turned fourteen years old today. b. Shawn turned thirteen years old today. c. Sherry turned ten years old today. d. Sheila turned three years old today e. Shane was just born. a. Seth just turned fourteen years old today and the current discount rate is 7%. What is the present value of his savings bond? $ (Round to the nearest cent.)
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